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Stetson

Make a Future Gift of Retirement Assets

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Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.

Beneficiary Designation Gifts

A retirement plan gift can be a tax-efficient and simple way of including Stetson in your estate plan.

It's not only possible; it's easy to do with a beneficiary designation. Simply name Stetson University as a beneficiary to receive assets from your retirement accounts or life insurance policy after you're gone. All you have to do is fill out a form from your provider—it's easier than you might think.

Next Steps

  1. Talk to your financial advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
  2. If you name Stetson in your plans, please use our legal name and Federal Tax ID.

Legal Name: Stetson University, Inc.
Address: 421 N. Woodland Blvd., Unit 8286, DeLand, FL 32723
Federal Tax ID Number: 59-0624416

IRA Qualified Charitable Distribution (QCD)

For 2023, Congress raised the age at which Required Mandatory Distributions must be taken. If you are 73 or older, you must take your RMD by December 31 to avoid the 50% penalty—unless this is your first RMD, in which case you have until April 1, 2024.

  • Rather than take your RMD, transfer the same amount to Stetson
  • Satisfy your annual RMD requirements with this transfer
  • Pay no income tax on the transfer

Make a Future Gift of Retirement Assets

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Stetson University.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

Flowchart: Donor executes designation form with account custodian to designate Stetson University as beneficiary of a retirement, investment or bank account.

Benefits of gifts of retirement assets

  • Simplify your planning
  • Support the causes that you care about
  • Continue to use your account as long as you need to
  • Heirs can instead receive tax-advantaged assets from the estate
  • Receive potential estate tax savings from an estate tax deduction

How to make a gift of retirement assets

To leave your retirement assets to Stetson University, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Stetson University as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

Future gifts from your retirement assets

Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Stetson University. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. You can use the "Make a Future Gift of Retirement Assets" tool to contact your retirement plan custodian and designate a future gift to Stetson University.

Contact us

If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.

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